Raymond James & Associates Has $2.47 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Raymond James & Associates grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,947 shares of the construction company’s stock after acquiring an additional 863 shares during the quarter. Raymond James & Associates’ holdings in M/I Homes were worth $2,472,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MHO. Westfield Capital Management Co. LP acquired a new stake in shares of M/I Homes during the 3rd quarter worth $82,185,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of M/I Homes by 219.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 700,737 shares of the construction company’s stock worth $44,209,000 after purchasing an additional 481,461 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of M/I Homes during the 1st quarter worth $26,909,000. Apollo Management Holdings L.P. acquired a new stake in shares of M/I Homes during the 1st quarter worth $16,311,000. Finally, BlackRock Inc. grew its holdings in shares of M/I Homes by 5.3% during the 2nd quarter. BlackRock Inc. now owns 4,868,507 shares of the construction company’s stock worth $424,485,000 after purchasing an additional 246,699 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the sale, the insider now directly owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on MHO. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Monday, February 19th. Wedbush lowered M/I Homes from an “outperform” rating to a “neutral” rating and set a $116.00 target price on the stock. in a report on Monday, December 18th.

M/I Homes Stock Performance

NYSE:MHO opened at $115.61 on Tuesday. The stock’s 50-day simple moving average is $124.35 and its 200 day simple moving average is $114.37. The firm has a market capitalization of $3.21 billion, a PE ratio of 7.12 and a beta of 2.13. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. M/I Homes, Inc. has a twelve month low of $61.35 and a twelve month high of $140.73.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($1.28). The business had revenue of $972.59 million during the quarter, compared to analyst estimates of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. On average, analysts anticipate that M/I Homes, Inc. will post 16.35 EPS for the current fiscal year.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.